Forum Replies Created

  • Hi Elie, I’m also interested in what others have to say about this. I have been going back and forth on setting up a LLC for asset protection as well. I also want to know more about the tax benefits. Google has many answers but it’s overwhelming to scan through each one.

  • Evelyn Montelongo

    Member
    14.12.24 in reply to: Welcome TheKey Subscribers!

    Hi everyone! My name is Evelyn, and I’m a California-based landlord managing a rental property in Virginia. I’m currently exploring the idea of setting up an LLC to manage my rental property in Virginia, but I’m new to this process and could use some guidance.

    I’d love to hear from anyone who has experience or insights about forming an LLC and/or managing several properties. My goal is to become an active investor and expand my portfolio.

    I have experience in real estate, I was a Mortgage LO for a few years and bought my first home in 2021 then turned it into a rental in 2022. I’ve had bad luck and good luck all together, no complaints. Turbo tenant was recommended to me by a friend and it’s made a huge positive impact on how I manage my rental.

  • Evelyn Montelongo

    Member
    14.12.24 in reply to: Out of state investor!

    Hi Jesse! It’s great to meet you. I live in California too, but my rental property is in Virginia. I’m in the process of learning more about building my portfolio and would love to hear any tips you have for managing rentals remotely. Looking forward to connecting and learning from your experience. I’ve been a landlord for 2 years and on my third set of tenants. The current ones have been amazing! but the 2 former tenants not so much. I definitely have some tenant horror stories to share.